They want to take advantage of the few days remaining before the IRDA's new guidelines on Ulips come into force. What has also added to the rush is the fall in the sale of big-ticket, single-premium covers and Ulips in the current financial year as individuals are holding on to big-ticket purchases, especially where the returns are linked to the equity markets. For insurers, big-ticket policies mean a lower lapse rate and it translates into higher commission for agents.
Slowdown? If there is one, producers of colas, tea, biscuits and toiletries -- or fast moving consumer (FMCG) goods -- haven't noticed. All of them are reporting substantial growth in sales volumes in the first three months of 2009. A major reason for this surge in sales is changing income demographics -- newer buyers in small towns are opting for branded products. Also, price cuts have reduced differentials between premium and economy products, inducing consumers to
He said IT companies need to explore domestic market, too.
Cellular operators have sought intervention by TRAI to restrain Reliance Infocomm from offering predatory tariffs in its new unlimited talktime plans claiming this was non-compliance of the regulator's order.
Policyholders would be given an option to check whether any amount is lying due with insurance firms
Indian companies are also actively participating with the Egyptian government in training university graduates to acquire the proper set of skills needed to work in the BPO industry. Egypt has already added new curriculums across six of its universities to produce job-ready graduates.
According to sources in the Future Group, it plans to tie up with international retailers in different segments. "We can certainly look at bringing in foreign capital to our subsidiaries now," said a group official, who did not wish to be quoted. Under the new guidelines, downstream investments by an Indian company that has foreign investment but is owned and controlled by Indians will not be considered as FDI.
The latest directive by the two stock exchanges also comes ahead of a new Corporate Governance Code to be implemented by the capital markets watchdog for all listed companies with effect from October 1.
The government on Wednesday said two Anil Ambani companies have been fined a total of Rs 5.49 crore (Rs 54.9 million) for shutting down rural telephone services during 2010-11 in violation of the USOF agreement.
Private cellular operators have locked horns with state-owned Bharat Sanchar Nigam Ltd over sharing of the revenue earned from roaming subscribers within the country as well as those coming from abroad.
The apex body of express companies, engaged in movement of goods through documents and parcels, on Friday demanded industry status and an independent regulator for the Rs 2,493-crore (Rs 24.93 billion) sector.
In the past, the ministry had received complaints of alleged ponzi schemes at 73 companies of about a dozen different groups operating in West Bengal.
British Virgin Islands, Mozambique, the Netherlands, Mauritius and Singapore were the top five nations where Indian firms made investment of $9.6 billion in the last three years.
A host of companies have been lined up by the disinvestment department as candidates for stake sale.
Out of the eight, five are state-run entities.
"Clarity in communication and adherence to the indicative borrowing programme would add credibility and, thereby, cushion volatility in market yields, which ultimately help in contributing to lower borrowing costs," RBI said in its Annual Report for 2008-09
India has expressed concern over the hike in visa fee by the US, saying it is "discriminatory" and largely affects Indian IT professionals.
Out of the 24 IPOs, 20 companies had anchor investors, which collectively subscribed to 31 per cent of the total public issue amount.
Companies stand to benefit in longer term from comparative pricing landscape
It will be put up in the public domain.
Insurance industry is gearing up to clear claims from the attack on Mumbai even as many of the injured are finding it tough to produce the required documents.
Testifying before a Congressional Committee, Garfield said examples are wide-ranging, from random new regulations to new testing and certification regimes to have access to the market at all.
Cabinet Secretary K M Chandrasekhar on Tuesday directed the Committee of Secretaries to formulate a unified command for coastal districts to counter the terrorist threat from the sea.
This is to take head on big American pharmaceutical giants, which in the recent past had launched a strong anti-India campaign against efforts of such companies to provide affordable health care not only to people in India, but also in the third world countries.
CNBC-TV18 News reports that it has been able to confirm that the insurance giant is firmly backing Tata Sons. There is thus no possibility that the insurer will exit the group.
Consultancy major Deloitte Global said that women hold about 12 per cent of board seats worldwide while only 4 per cent of them are at the helm of boards
Operational income not covering even their interest expenses, finds study; analysts say if economy turns around, new equity issuances an option
In a move that may spook Oil and Natural Gas Corp's (ONGC) planned public offering, the government has hiked the contribution of upstream oil companies toward fuel subsidies to 38.8 per cent for 2010-11 fiscal.
This move is expected to restrict movement of H-1B visa holders.
HDFC and ITC walk away with largest share of gains
Hikes will be up to 15 per cent.
Following Telecom Regulatory Authority's intervention in the recent hike in roaming charges, the cellular operators have decided to lower these tariffs for certain slabs to bring them in line with the prescribed ceiling.
The airline, however, has not secured approval from airports to fly again.
According to sources, the government has convened a meeting involving the Nuclear Power Corporation and General Insurance Corporation (GIC), the only domestic re-insurer in the country, to take stock of the progress.
Indian IT giants like TCS, Infosys and Wipro have decided to call back their employees from Bahrain.
The private cellular operators have asked the Telecom Regulatory Authority of India to consider fixing the annual licence fee at 6 per cent across all segments, as part of full unification of telecom services.
The on-going search operation started a fortnight back in which the evasion by firms providing real estate services, including renting and other collaborations was detected, official sources said.
Exports during the month rose 4.4 per cent to 7,077 units as compared to 6,779 units in April last year, MSI said.
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